Tag: southern california bankruptcy attorneys Archive
Will My Kids Have to Pay off My Debt When I Die?
There’s comes a time in everyone’s life when they consider the possibility of their death. When this time comes some are thinking about things they still want to do while others are thinking of tasks left undone. Some think of places they still want to go and things they still ...
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Picking and Choosing: Bankruptcy & Creditors
When you file for bankruptcy, you do not have the choice of choosing which creditors to list in your bankruptcy – there is no picking and choosing! Your list of creditors should be all-inclusive even if you plan to pay them off yourself or even if they are not eligible for ...
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The “Homesteading” Part of the Bankruptcy Process
When a person files for Chapter 7 Bankruptcy, they are entitled to a homestead exemption. This amount differs from state to state. If the bankruptcy trustee determines that you have more equity in your home than is allowed, they are allowed to sell the home to the highest bidder, pay you ...
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Protecting Your Partner from Your Bankruptcy Filing
Filing bankruptcy can affect anyone else who shares in a listed asset. You should consider this carefully before you decide to file for bankruptcy. You’ll want to do what you can to protect your partner’s good credit from the effects of your bankruptcy. The car and house must be listed ...
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Do I Have to Include Loans I Co-Signed in My Bankruptcy?
Many bankruptcy filers come to me with unnecessary anxiety. They fear that they can’t list this creditor because last year they made a charge on the account. They’re nervous that they can’t list another creditor because they just opened the account a few months before when they were still gainfully ...
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Post-Bankruptcy: Rebuilding Your Credit
Credit rebuilding is of no small importance in the life of a post-bankruptcy individual. Many of these individuals, however, have trouble finding a substantial source of income and, therefore, they may believe they will have some difficulty rebuilding their credit scores. I could understand why one would believe this, but ...
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Joint Credit Accounts and Filing Bankruptcy
As I’ve said before, finances and credit concerns can be even more difficult to deal with when the individual involved has financial ties to another person. For example, if a potential bankruptcy petitioner jointly owns a house or a car with someone else, there would be reasonable concern there for ...
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Southern California Bankruptcy: How Exactly Does this Work?
Filing bankruptcy is intended as a protection for consumers from overwhelming debt. It seems simple at the outset, but it’s like having a house built. If you’ve never done it before, it seems like a simple concept. You look at them and then decide which one you like best and ...
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Bankruptcy and the State of a Deed After Divorce
It is common for one spouse to sign off on a property title during a divorce. However, creditors aren’t part of these divorce agreements, and specifically, mortgage companies are not required to take your name off the original loan. You and your ex-spouse are still both legally responsible for the ...
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Bankruptcy Post-Divorce: Good News & Bad News
If you are filing for bankruptcy post-divorce and you owned a home during your marriage…we’ve got both good and bad news for you. If a Home Equity Line of Credit (“HELOC”) is included in a Chapter 7 bankruptcy, the liability on that HELOC is gone once a discharge notice is ...
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